Add Value Opportunity - Standalone Character
168, Cuba Street, Te Aro, Wellington
- Proposed Usage
- Development Site
- Floor Area
- 900.00 m²
- Land Area
- 505.00 m²
- Property ID
CBRE New Zealand is proud to present 168 Cuba Street, Wellington for sale.
168 Cuba Street comprises a three storey character building with a mix of office, retail and hospitality tenants. The net lettable area is approximately 900sqm and the building sits on a total freehold land area of 505sqm.
The building was built circa 1901 and is listed as Heritage and Historic on the Wellington City Council and Historic Places Trust Registers respectively.
The ground floor retail tenancies are 100% occupied with some vacancy in the upper level office space. The property is located in one of Wellingtons most sought after locations of Cuba Street; home to many of Wellingtons top restaurants, bars and creative industries.
Properties in the Cuba Precinct are very closely held and the high density nature of the area means that land is both rare and at a premium. This fantastic standalone building offers plenty of upside and add-value potential making the opportunity to purchase this property an exciting proposition.
*505sqm freehold land
*Retai;: 50% of NLA (approx.)
*Diversified income profile
*Sought after location
*Iconic building on Cuba Street
*Add-value opportunity/value upside through strengthening and refurbishment or re-purpose
For Sale by Deadline Private Treaty, closing Tuesday 4 July 2017, at 4pm (unless sold prior).
CBRE Strongly recommends your early consideration of this outstanding investment.